Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
$493,710
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134 Rhode Island Street Albuquerque, NM 87108
Fourplex
Residence
2
Beds
1
Baths
3,126
Sq. Ft.
0.16
Acre
Lot
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Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns. Seller financing for an investor is ava...ilable with a 12.5% down payment.This fourplex contains two bedroom one bathroom units that are renting at $1,247. Each renovated unit has washers/dryers and the belong to the owner and convey with the property.At the current average rents of $1,247, and an ask price of $493,710 the measures of investment performance include a price per unit of $123,427, price per square foot of $157.49, a GRM of 8.25, an after reserves cap rate of 6.65%.
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MLS#
1056948
Property Type
Fourplex
Bedrooms
2
Bathrooms
Year Built
1980
Square Feet
3,126
sq. ft
Lot Size
0.16
Sewer
Sewer Connected
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